Registered number
12780326
HALCYON MYC LTD
Unaudited Filleted Accounts
31 July 2023
Khan Adamson Limited
Chartered Accountant
Chelworth Industrial Estate
Cricklade
Swindon
Wiltshire
SN6 6HE
HALCYON MYC LTD
Registered number: 12780326
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 252,484 238,255
Current assets
Debtors 4 - 300
Cash at bank and in hand 2,764 3,270
2,764 3,570
Creditors: amounts falling due within one year 5 (270,077) (55,077)
Net current liabilities (267,313) (51,507)
Total assets less current liabilities (14,829) 186,748
Creditors: amounts falling due after more than one year 6 - (200,000)
Net liabilities (14,829) (13,252)
Capital and reserves
Called up share capital 100 100
Profit and loss account (14,929) (13,352)
Shareholder's funds (14,829) (13,252)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Maddison
Director
Approved by the board on 20 March 2024
HALCYON MYC LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Changes in fair value are recognised in profit and loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investment property
Freehold
investment
property
£
Cost
At 1 August 2022 238,255
Additions 14,229
At 31 July 2023 252,484
Investment property - The 2023 valuations were made by the directors, on an open market value for existing use basis.
4 Debtors 2023 2022
£ £
Trade debtors - 300
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director's account 268,878 51,770
Other creditors 1,199 3,307
270,077 55,077
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 200,000
7 Other information
HALCYON MYC LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 Church End
Purton
Swindon
Wiltshire
SN5 4EB
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